Allianz Hope to Boost Acquisitions
With U.S. Share Listing in Two Years

By

Christopher Rhoads Staff Reporter of The Wall Street Journal

Updated May 29, 1998 12:40 a.m. ET

MUNICH, Germany -- Allianz AG plans to list its shares on the New York Stock Exchange in two years, as part of an effort to facilitate more acquisitions in the U.S. as well as to broaden its shareholder base.

The German company, which once again will be Europe's largest insurer after it completes its merger with Assurances Generale de France , said that by the end of this year, it will have adopted international accounting standards, a necessary step for a listing on the U.S. exchange. It has made other moves as well to...